Business

23

Apr

By The Press Editor

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Business

Govt not considering petrol, diesel price hike, calls such reports ‘mischievous and misleading’

New Delhi: Amid the ongoing tensions between the United States and Iran, crude oil prices have once again breached the USD 100 per barrel mark. It had earlier reached USD 120 per barrel but briefly eased amid ceasefire talks, but remained volatile as the Strait of Hormuz remains largely closed. Amid this, a report surfaced claiming that due to the rising oil prices, Indian refineries are now incurring a monthly loss of Rs 27,000 crore. It said that as refineries are unable to sustain these losses for long, petrol and diesel prices could soon rise by Rs 25-28 per litre.…

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23

Apr

By The Press Editor

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Business

Gold falls to Rs 1.51 lakh per 10 grams on MCX, silver below Rs 2.43 lakh per kg | Check city-wise rates

Mumbai: Rates of precious metals in futures remain highly volatile amid ongoing geopolitical developments. A day after recovery, they fell on Thursday, April 23, 2026, as crude oil prices once again breached the USD 100 per barrel mark amid stalled US–Iran negotiations. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 606 or 0.39 per cent at Rs 1,52,051 per 10 grams against the previous close of Rs 1,52,657. It dropped further to touch an intraday low of Rs 1,51,621, a drop of Rs 1,036 or 0.67 per cent. Last seen, it was…

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23

Apr

By The Press Editor

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Business

Jio Financial Services shares in focus on forming JV with Allianz for general and life insurance: Details

Mumbai: Shares of Jio Financial Services will be in focus today, April 23, 2026, as the company, in an exchange filing after market hours, said that it has formed a joint venture with Germany's Allianz Group for general insurance and health insurance. The development comes a month after they formed a joint venture to carry on the business of reinsurance in India. The stock had managed to end the session in green despite benchmark indices falling nearly 1 per cent amid heavy selling in IT stocks and an uptick in crude oil prices. The counter closed at Rs 238.40, with…

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23

Apr

By The Press Editor

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Business

Trent Share Price: Stock opens in green after announcing first-ever bonus issue, check ratio

Mumbai: Shares of Trent, a retail firm of the Tata group, opened in green on Thursday, April 23, 2206, even as equity benchmark indices Sensex and Nifty tumbled in early trade as crude oil prices once again breached the USD100 per barrel mark and persistent foreign fund outflows. The action comes as the company has announced strong financial results for the January-March quarter and a first-ever bonus issue. They started the trading session at Rs 4438, with a gain of Rs 2.4 against the previous close of Rs 4435.60 on the BSE. Amid a spurt in volume by more than…

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23

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex sinks 532 points, Nifty near 24,200 as Brent oil tops USD100

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the session in red on Thursday, April 23, 2026, tracking sharp weakness in GIFT Nifty and cautious global cues amid a rise in Brent oil prices. While the 30-share BSE Sensex shed 532.83 points or 0.67 per cent to start the session at 77,983.66, the Nifty fell 175.75 points to open at 24,202.35. In the last trading session, the Sensex closed at 78,516.49 and the Nifty 50 at 24,378.10. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index was down by…

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22

Apr

By The Press Editor

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Business

Tech Mahindra Share Price: Stock gains after company announces Q4 results, Rs 36 final dividend – Check details

Mumbai: Shares of Indian IT major Tech Mahindra recovered from an intraday low after the company reported a 16 per cent growth in its consolidated net profit to Rs 1,353.8 crore for the January-March quarter of FY26. The company's consolidated net profit stood at Rs 1,166.7 crore in the same quarter of FY25. The company's revenue from operations rose 12.6 per cent to Rs 15,076.1 crore in Q4 FY26 compared to Rs 13,384 crore in the year-ago period. On a sequential basis, the IT major's profit and revenue rose 20.7 and 4.7 per cent, respectively. Following in-line fourth-quarter results, the…

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22

Apr

By The Press Editor

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Business

What is gold overdraft and how does it differ from gold loan? Here’s all you need to know

New Delhi: Gold purchase in India is not just a way of investing in a safe-haven asset, but also holds religious or cultural significance. People in India hold a significant amount of gold or gold jewellery. If your gold is solely for investment purposes (such as coins or bars) and not for any personal use (such as weddings), using it as a line of credit during a crisis can be a good option. But the question arises: should you take out a gold loan or a gold overdraft? How gold loan work? A gold loan is a 'secured loan' where…

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22

Apr

By The Press Editor

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Business

Planning to buy travel insurance for a vacation? Here are certain things to keep in mind

New Delhi: Buying travel insurance before embarking on a trip can be an important step. However, travel insurance policies offer different coverage, limits and the situations they cover. Therefore, choosing the right policy requires understanding its coverage and how it may be useful during your trip. Knowing what to look for in a policy can help you choose the right travel insurance for your trip. Things to consider before choosing travel insurance Medical treatment abroad: The most important thing to check is whether the policy covers the cost of doctor visits, hospitalisation and emergency treatment. Trip interruption: See if trip…

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22

Apr

By The Press Editor

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Business

Market Closing Bell: Sensex tumbles 756.84 points, Nifty ends below 24,400 as investors remain cautious

Mumbai: After three days of an upward trajectory, Indian markets witnessed a corrective session on Wednesday, with benchmark indices Sensex and Nifty declining amid uncertainty over US-Iran talks and ongoing shipping disruptions, keeping investors cautious. While the BSE Sensex witnessed a sharp bearish session, closing at 78,516, down by 756.84 points or 0.95 per cent, the Nifty 50 slipped nearly 200 points to end the session at 24,378.10. During the day, Sensex hit a high of 79,031.03 and a low of 78,442.30. The decline was largely driven by IT stocks, which emerged as major laggards following weak earnings, with heavyweights dragging the…

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22

Apr

By The Press Editor

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Business

RBI changes auto-debit rules: Here’s what it means for your monthly bills, SIPs and other recurring payments

New Delhi: The Reserve Bank of India ( RBI ) has made significant changes to auto-debit rules. According to the central bank, the move is aimed at protecting customers' interests. These changes will make the auto-debit system more secure and transparent than before. These rules will directly benefit millions of people whose EMIs, subscriptions, or bills are automatically deducted from their accounts every month. These new rules, issued under the "Digital Payments - e-Mandate Framework, 2026," apply to all recurring payments, such as subscriptions, utility bills, and mutual fund (SIP) payments. Under the new rules, customers must register once before…

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